Financials Fujian Furi Electronics Co.,Ltd

Equities

600203

CNE000000Z36

Communications & Networking

End-of-day quote Shanghai S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
6.82 CNY +2.40% Intraday chart for Fujian Furi Electronics Co.,Ltd -1.87% -7.96%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,986 2,921 4,537 6,090 3,469 4,394
Enterprise Value (EV) 1 2,054 2,357 4,276 5,750 4,688 5,162
P/E ratio 47.6 x 66.3 x 456 x -20.5 x -11.1 x -15.3 x
Yield - - - - - -
Capitalization / Revenue 0.18 x 0.26 x 0.35 x 0.33 x 0.21 x 0.41 x
EV / Revenue 0.19 x 0.21 x 0.33 x 0.31 x 0.28 x 0.49 x
EV / EBITDA 19.8 x 24.9 x 27.3 x -54.4 x -26.9 x 127 x
EV / FCF -8.54 x 23.5 x 23.7 x -12.8 x -4.82 x 16.6 x
FCF Yield -11.7% 4.26% 4.21% -7.79% -20.8% 6.04%
Price to Book 0.97 x 1.39 x 2.15 x 2.09 x 1.48 x 2.15 x
Nbr of stocks (in thousands) 456,447 456,447 456,447 592,988 592,988 592,988
Reference price 2 4.350 6.400 9.940 10.27 5.850 7.410
Announcement Date 4/12/19 4/9/20 4/28/21 4/28/22 4/14/23 4/11/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 10,989 11,377 13,034 18,634 16,550 10,641
EBITDA 1 103.5 94.6 156.6 -105.7 -174 40.68
EBIT 1 2.849 -16.62 30.32 -245.1 -331.3 -127.5
Operating Margin 0.03% -0.15% 0.23% -1.32% -2% -1.2%
Earnings before Tax (EBT) 1 16.48 29.04 29.73 -319.3 -295.6 -248.2
Net income 1 41.66 44.08 9.947 -233.8 -312.9 -286.3
Net margin 0.38% 0.39% 0.08% -1.25% -1.89% -2.69%
EPS 2 0.0913 0.0966 0.0218 -0.4998 -0.5277 -0.4828
Free Cash Flow 1 -240.6 100.4 180.1 -447.9 -973.6 311.7
FCF margin -2.19% 0.88% 1.38% -2.4% -5.88% 2.93%
FCF Conversion (EBITDA) - 106.17% 115.02% - - 766.33%
FCF Conversion (Net income) - 227.84% 1,810.37% - - -
Dividend per Share - - - - - -
Announcement Date 4/12/19 4/9/20 4/28/21 4/28/22 4/14/23 4/11/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 68 - - - 1,219 768
Net Cash position 1 - 564 261 340 - -
Leverage (Debt/EBITDA) 0.6574 x - - - -7.008 x 18.89 x
Free Cash Flow 1 -241 100 180 -448 -974 312
ROE (net income / shareholders' equity) 1.38% 2.01% 1.4% -9.82% -10.8% -12.2%
ROA (Net income/ Total Assets) 0.03% -0.14% 0.24% -1.5% -1.95% -0.95%
Assets 1 152,028 -32,108 4,124 15,629 16,043 30,120
Book Value Per Share 2 4.500 4.610 4.620 4.910 3.960 3.440
Cash Flow per Share 2 2.260 3.850 3.490 4.300 2.610 2.730
Capex 1 135 118 188 315 261 128
Capex / Sales 1.23% 1.04% 1.44% 1.69% 1.58% 1.2%
Announcement Date 4/12/19 4/9/20 4/28/21 4/28/22 4/14/23 4/11/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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